Woolwich is a district in south east London, within the Royal Borough of Greenwich, approximately 9 miles from Central London.

The area continues to benefit from significant regeneration and investment into new housing and transport.

Freehold with an approximate site area of 0.6 acre.

Situated within the heart of Woolwich’s prime retail thoroughfare

Let to the undoubted covenants of Deichman, Savers and Telefonica Uk Ltd, who account for 54% of the total income.

Reversionary prospects given recent letting evidence.

WAULT of c.3.7 years to expiry.

Potential to buy in the residential leasehold interest which sits above part of the ownership.

Future residential development potential on the upper floors, subject to planning.

Our clients are seeking offers for the freehold interest in excess of £5m(Five Million Pounds) subject to contract and exclusive of Vat, which reflects a net initial yield of 8.4% and a reversionary yield of 9.3%, net of standard purchaser’s costs and assuming the rental guarantee as stated on 68/72 Powis Street. The sale price reflects a capital value of £141 psf on the commercial area only.